Tag (SQ): Deliberate Strategy

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BMIS – L1 – SA – Q5.5 – Introduction to business strategy

Strategy for a rapidly changing environment.

In a rapidly changing business environment, which one of the following strategy combinations is the most appropriate for achieving corporate objectives?

A   deliberate and emergent strategies

B   incremental and deliberate strategies

C   emergent and incremental strategies

D   deliberate strategies only

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Title: BMIS – L1 – QD5 – Business Strategy

Describe the purpose of the three stages of strategic management.

(a) The strategic management process is sometimes described as having three stages: strategy analysis, strategy formulation, and strategy implementation.

Required:

Describe the nature or purpose of each of these three stages.

(b) Mintzberg argued that the process of strategy analysis, formulation, and implementation does not provide a realistic description of strategic management. He argued that the strategies implemented by an entity are a combination of deliberate and emergent strategies.

Required:

Explain the difference between a deliberate strategy and an emergent strategy. Give an example of an emergent strategy.

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